Are You There NCUA? It’s Me (Insert Credit Union)
Whether it’s good news or bad news, the NCUA needs to communicate something – anything – about the SolarWinds hack.
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A common theme we see a lot of in our news coverage here at CU Times is the noncompetitive nature of credit unions – the fact that they choose to support one another instead of fight over new business, members or employees. For example, it’s not unusual for a credit union to recommend another cooperative to a potential member or employee, simply because it may be a better fit for their financial needs or skill set. What matters most to many credit unions is the success of the movement as a whole, and their unified philosophy isn’t something you’ll find in a lot of industries (ahem, banking).
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Whether it’s good news or bad news, the NCUA needs to communicate something – anything – about the SolarWinds hack.
The alarming rate at which Americans are being manipulated by unverified online content is a reminder to prioritize transparency and education.
Cornerstone survey finds CU and bank executives’ outlook on 2021 is a “mixed bag,” with healthy doses of both optimism and pessimism.
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